Netflix users will soon dish out more money for their monthly subscriptions.
On Tuesday, the Wall Street Journal revealed that the streamer is planning to roll out the price increase in the upcoming months. The new prices will be unveiled as performers return to work once the actor strikes end, which is expected in the near future.
The company already raised costs last year. The ad-free Standard tier is currently $15.49, with the Premium going for $19.99. There is an ad plan going for $6.99, though that will soon be pricier as well. This year, Netflix also began charging for password sharing, adding $7.99 for anyone sharing their login information with someone outside their home.
The increase will affect all global markets. However, the United States and Canada will see them first. Many users online are questioning why Netflix continues to raise its fees when the content is not worth the money. Similar questions have been raised in the past. Yet, that has not stopped the company from charging more.
I’m being dead ass here.. there are some decent shows on Netflix. NOT ONE is good enough for them to be raising the prices AGAIN. https://t.co/jsKu13mv39
— TheeDreadGod (@TheeDreadGod) October 3, 2023
Some of the pay raise could be due to the new deal between the Writers Guild of America and several Hollywood studios, which includes Netflix. Streaming platforms will now be required to divulge streaming information to writers that will show them how their shows performed. It also gives writers an 18 percent increase for big-budget productions and a 26 percent residual boost, The Verge explains.
Netflix refused to comment on what prices customers can expect.